EC fines 11 carriers €799 million for air cargo price fixing

The European Commission on Tuesday fined 11 airlines a total of €799 million ($1.1 billion) for "operating a worldwide cartel which affected cargo services within the European Economic Area."

Air France, which received the largest EC fine of €182.9 million for air cargo price fixing, said it intends to appeal the decision to EU courts. Photo: Air France Boeing 777 Freighter. Courtesy, Air France.
The European Commission on Tuesday fined 11 airlines a total of €799 million ($1.1 billion) for "operating a worldwide cartel which affected cargo services within the European Economic Area."
In a statement, EC said the carriers "coordinated their action ...